Archive
PolicyStreet Digitises Insurance Processes for foodpanda’s Delivery Partners
foodpanda has tied up with insurtech platform PolicyStreet to digitise the insurance processes for tens of thousands of its delivery partners’ to close the protection gap among gig workers. Through PolicyStreet’s latest digital solution– the Gig Workers’ Claims Portal, delivery
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Fundaztic Raises RM16 Million in Less Than Two Weeks on pitchIN
Peoplender, the company behind the Fundaztic P2P financing platform, has raised more than RM16 million on Malaysian equity crowdfunding platform (ECF) pitchIN’s platform. According to pitchIN, the campaign was oversubscribed in less than 2 weeks and is one of the
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5 Interesting New Details in BNM’s New Digital Insurance & Takaful Draft Framework
On Friday, Bank Negara Malaysia (BNM) issued its exposure draft for digital insurance and takaful operators (DITO) for written feedback following the issuance of the Discussion Paper in January this year. As part of the licensing application process, BNM will
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SC Consolidates All Shariah Rules on Islamic Capital Market Products and Services
The Securities Commission Malaysia (SC) has issued new guidelines on Islamic Capital Market Products and Services (ICMPS Guidelines) to further enhance the Shariah governance framework for the Islamic capital market. This will be the central source of reference on all
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Finastra Bets Big on APAC With New Center of Excellence at MRANTI Park
Financial services software and cloud solutions provider Finastra has established a new Center of Excellence (COE) at Malaysia’s MRANTI Technology Park. MRANTI Park, located at Bukit Jalil in Kuala Lumpur, is a hub for technology innovation, commercial adoption, and scientific
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OCBC Malaysia Appoints Veteran Banker Tan Chor Sen as New CEO
OCBC Malaysia has appointed Tan Chor Sen as its CEO with effect from 1 January 2023 to succeed Dato’ Ong Eng Bin who will stay on as an adviser after his retirement. Tan has been with OCBC Bank in Singapore
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Security Bank Philippines Taps Malaysia’s Consolsys to Automate Its Branches
Security Bank Philippines has partnered with Malaysian banking automation company Consolsys to revamp its branch experience. The partnership will enable Security Bank to transition its current branch banking management system to a cloud-based omni-channel platform. This includes the replacement of
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Crowdfunding Platform Fundnel Launches Its Refreshed Brand Alta in Malaysia
Singapore-based equity crowdfunding platform Alta, previously known as Fundnel, has announced the official launch of its refreshed brand in Malaysia. The announcement follows Alta’s acquisition of private digital securities exchange Hg Exchange (HGX) in November this year. The launch will
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Effendy Shahul Hamid Succeeds Samir Gupta as CIMB’s Consumer & Digital Banking CEO
CIMB Group has appointed Effendy Shahul Hamid as CEO of Group Consumer and Digital Banking which takes effect on 1 January 2023 onwards, succeeding Samir Gupta who is retiring after 12 years of service with the group. The appointment will
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CIMB Taps MESINKIRA to Bolster Malaysian MSMEs’ Digitisation Efforts
CIMB Bank and CIMB Islamic Bank announced a partnership with software and system integration company ModulEight Technologies to support the growth of micro, small and medium enterprises (MSMEs). Through this partnership, MSMEs will be onboarded onto MESINKIRA, an integrated mobile
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